Author: Julie Muhn (@julieschicktanz)

Finovate Alumni News– June 28, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Capital Access Network, CoverHound, GoBank, Kashoo, Lendio, LendUp, OneID, SeedInvest
  • Finovate-F-Logo.jpgCapital Access Network achieves new record of $66 million in monthly volume.
  • CoverHound names Keith Moore Chief Marketing Officer.
  • ProjectionHub and Lendio partner to help small businesses find the right loan.
  • Green Bay Press Gazette features GoBank on the heels of the company’s public launch this week.
  • Kashoo publishes interview with company “Jack of All Trades” Amrik Randhawa.
  • OneID provided to students of Sydney, Australia’s MacQuarie University.
  • Techcrunch takes a look at LendUp’s plan to provide instant online, mobile loans.
  • SeedInvest raises $1 million in round led by the Jumpstart New Jersey Angel Network.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Finovate Alumni News– June 27, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Billhighway, Handpoint, Kony Solutions, MasterCard, OpenCoin, peerTransfer, The Receivables Exchange
  • Big Week for Funding: Kony Solutions, peerTransfer, The Receivables Exchange Raise a Total of $34 Million.
  • Billhighway adds Cole County Residential Services as client.
  • MasterCard unveils Simply Commerce to help merchants accept electronic payments.
  • Newfination interviews Patrick Griffin, head of business development for OpenCoin.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Big Week for Funding: Kony Solutions, peerTransfer, The Receivables Exchange Raise a Total of $34 Million

By Julie Muhn (@julieschicktanz) Posted on
Categories: Kony Solutions, peerTransfer, Receivables Exchange

This week, three Finovate alums announced significant funding, totaling more than $34 million.

Kony.jpgKony: provides mobile app and multi-channel solutions

    • Amount: $18.3 million Series D
    • Investor: Telstra Ventures 
    • Funding purpose: Further expand into the Asia Pacific market, invest further in product development, marketing, sales and operations, and accelerate growth in the U.S.
    • Total Raised: $52.4 million
    • Founded: 2007
    • FinovateFall 2011 demo
KonyHomepage.jpg

Peertransferlogo.jpg

peerTransfer: provides solutions that lessen the cost of international student tuition payments 
peerTransferHomepage.jpg

ReceivablesExchangeLogo.jpg

The Receivables Exchange, an online marketplace for buying and selling accounts receivables
    • Amount: $10 million
    • Investors: Bain Capital Ventures, Redpoint Ventures, Prism Ventureworks, and StarVest Partners
    • Funding purpose: Accelerate distribution of its Corporate Receivables Program, to invest in client-requested technology enhancements, and to plan for international expansion
    • Total Raised: $39.8 million
    • Founded: 2007
    • FinovateFall 2010 demo
ReceivablesExchangehompage.jpg

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Finovate Alumni News– June 26, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Banno, Finect, InComm, IntelliResponse, LendUp, LICUOS, Monitise, Q2ebanking, Realty Mogul, Receivables Exchange, Striata, SumUp
  • Finovate-F-Logo.jpgWalmart names InComm supplier of the year.
  • Crawford Technologies announces new partnership with Striata.
  • American Banker reports: Q2ebanking to Resell Andera Software.
  • SumUp launches plug and play POS tech.
  • Banno names Ben Metz as CTO.
  • Receivable Exchange closes $10M funding round led by current investors.
  • GoBank goes live, mobile banking app available on iOS.
  • Newfination interviews Sasha Orloff, CEO of LendUp.
  • IntelliResponse adds VOICES to virtual agent technology.
  • Lloyds Bank partners with Monitise to develop a suite of mobile card acceptance solutions for micro-merchants, start-ups and small business owners.
  • LICUOS wins Innotribe Startup Disrupt competition at Next Bank Madrid.
  • Realty Mogul tops $2 million raised one month after reaching $1 million raised mark.
  • Finect advises FIs not to panic when it comes to spot checks from FINRA.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Finovate Alumni News– June 24, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Acculynk, Andera, Capital Access Network, Cartera Commerce, Currensee, Entrepreneurial Finance Lab, GoodApril, Intuit, Keynote DeviceAnywhere, Manilla, Realty Mogul, Tagit, TIBCO Software, Zighra, Zooz
  • Finovate-F-Logo.jpgCapital Access Network named one of the top financial services companies of the year at the 11th Annual American Business Awards.
  • American Banker looks to Zigrhra, GoodApril, Realty Mogul, Entrepreneurial Finance Lab for innovation.
  • Lead411 names Cartera Commerce to Hottest Companies in Boston list.
  • TIBCO and Western Union partner to leverage Big Data to anticipate consumer trends and customize customer engagement.
  • Banking2020.com interviews Andera and Intuit on the branch of the future.
  • Tagit to expand in the Philippines by offering mobile-banking application software to banks.
  • Manilla adds email integration feature to personal finance platform.
  • Acculynk announces RuPay debit cardholders in India can make online purchases using the card.
  • Keynote DeviceAnywhere to be acquired by private equity investment firm, Thoma Bravo in a $395 million, all-cash, deal.
  • Adotas column on mobile commerce for SMBs takes a look at Zooz.
  • NordFX and Currensee launch partnership as former joins Trade Leaders Investment Program.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Finovate Alumni News– June 21, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Braintree, CurrencyFair, LendUp, Locaid, Metaforic, Monitise, Pindrop Security, QuantConnect
  • Finovate-F-Logo.jpgBraintree opening office in Sydney, Australia, that will cater to developers and startups.
  • Monitise named winner in the Inspire Wales Awards.
  • Pindrop Security raises $11 million led by Andreessen Horowitz and Citi Ventures.
  • Metaforic wins American Technology Award for Cyber Security.
  • New Business interviews CurrencyFair founders on saving money when making foreign currency transactions.
  • Biz Report’s Mobile Marketing column features 3 tips to improve location-based campaigns in an interview with Locaid CEO, Rip Gerber.
  • INTJ Capital takes a look at QuantConnect’s announcement that it has added historical FX and US equity tick data.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Finovate Alumni News– June 20, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Andera, Better ATM Services, Bill.com, Check, Geezeo, Intuit, Lending Club, Prosper, SafetyPay, Wallaby Financial
  • Finovate-F-Logo.jpgTitan Bank and Congressional Bank now buying loans through the Lending Club platform.
  • Nexonia integrates its expense reports solution with Bill.com.
  • Mexican Airline Volaris adds SafetyPay to payment method options.
  • Prosper reduces maximum loan percentage to 50% for investors in any one loan.
  • Geezeo signs Corporate America Family Credit Union.
  • Andera’s oFlows platform will be the new account opening technology for Intuit’s financial institution clients.
  • Check (formerly Pageonce) announces expedited payments.
  • Consumer Reports takes a look at the growth of Better ATM Services.
  • Wallaby releases version 2.0 for iPhone with new interface, Foursquare integration.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Pindrop Security Raises $11 Million Led by Andreessen Horowitz and Citi Ventures

By Julie Muhn (@julieschicktanz) Posted on
Categories: Pindrop Security

pindropLogo.jpg

Pindrop Security, a startup that aims to stop caller ID fraud, announced today that it has received $11 million from Andreessen Horowitz and Citi Ventures.

Other investors contributing to Pindrop’s Series A round include:

The Atlanta-based company plans on using the funds to add resources in engineering, operations, and sales and marketing in the U.S., Canada and Europe in order to better meet customer demand.

Scott Weiss, General Partner for Andreessen Horowitz, has joined Pindrop’s board.

To learn more about Pindrop Security, watch its FinovateFall 2012 demo.

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Finovate Alumni News– June 19, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Arxan Technologies, Better ATM Services, Dwolla, eDeposit, Ixaris, Kashoo, LICUOS, mBank, Meniga, MicroStrategy, Personal Capital, Ping Identity, QuantConnect, Simple, Zopa
  • Finovate-F-Logo.jpgBRE Bank, operator of mBank launches “new mBank”, which is based on MenigaĀ“s PFM.
  • U.S.-based life insurance carrier expands use of Kofax solutions by investing an additional $550k to automate document processing.
  • Personal Capital introduces new dashboard features.
  • Bank Innovation visits Dwolla’s new office in NYC.
  • The Next Web reports: Simple launches its Goals feature on the iPhone.
  • Ping Identity named in IDG’s Computerworld 2013 Best Places to Work in IT.
  • Zopa cuts personal loan rate to 4.9%.
  • QuantConnect adds FX, US equity tick data; raises capital.
  • MicroStrategy to partner with Hortonworks to improve Apache Hadoop usability.
  • ixaris shows off its new look and rebranding.
  • Web AppStorm reviews Kashoo’s cloud-based accounting technology.
  • eDeposit teams up with DoubleBeam to integrate mobile account enrollment and eCheck deposits into eDeposits mobile payment network.
  • LICUOS named a finalist in the Next Bank Madrid – Innotribe Startup Disrupt.
  • Fox Business News features Arxan CEO Mike Dager on mobile banking security.
  • Better ATM Services CEO Todd Nuttall talks about the “real lessons” from the Cyprus financial crisis.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Finovate Alumni News– June 18, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Currensee, Entrepreneurial Finance Lab, EyeVerify, ID Analytics, Intuit, Q2ebanking, Realty Mogul, SecureKey, ShopKeep POS, SimpleTuition, TransferWise, VoiceTrust
  • Finovate-F-Logo.jpgID Analytics and IdentityMind partner to reduce online fraud and stop merchant account creation fraud.
  • SimpleTuition adds 10 U.S. colleges as partners.
  • United Texas Bank selects Q2ebanking platform to accelerate unified virtual banking for anytime anywhere access.
  • SecureKey and Intel beef up authentication for MasterPass.
  • ShopKeep POS grows To 6.5K+ merchants.
  • Fairwinds Credit Union chooses Intuit for digital banking.
  • Realty Mogul and Entrepreneurial Finance Lab selected as 2 of 5 SWIFT Innotribe finalists of Startup Challenge New York.
  • Bank Innovation features how Entrepreneurial Finance Lab and VoiceTrust can combine psychographics and biometrics to revolutionize financial services.
  • ForexSmash reviews Currensee Social Trader.
  • Kansas City Business Journal profiles EyeVerify founder and CEO Toby Rush.
  • GigaOM Pro Blog takes a look at TransferWise through the lens of traditional Hawala informal money transfer networks.
  • My Money Blog reviews Realty Mogul and the concept of fractional investment property ownership.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Finovate Alumni News– June 17, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Banking Up, BillGuard, EZBOB, FreeAgent, Geezeo, Lendio, Plastyc, Realty Mogul, Stockr, TrustedID, Virtual Piggy
  • Finovate-F-Logo.jpgVirtual Piggy grows to over a quarter million users.
  • TrustedID launches new service to help protect AARP members from identity theft.
  • Lendio launches new small business resource center to give business owners access to products and services to help grow their businesses.
  • Geezeo advances social finances by launching Friend and Feed tools.
  • FreeAgent launches Invoice-o-matic, a free online invoicing tool for small businesses and entrepreneurs.
  • EZBOB announces new, 12-month business loan with decreasing rate over term.
  • Realty Mogul featured in Herald-Tribune column on bringing real estate investing “to the masses.”
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Finovate Alumni News– June 13, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: ayondo, Bolstr, Capital Access Network, Cardlytics, CommunityLend, Finect, Flint Mobile, Keynote DeviceAnywhere, PayPal, Placecast, SeedInvest, TransferWise, Zopa
  • Finovate-F-Logo.jpgZopa Safeguard now has 15,000 users and has had Ā£16m lent on platform. Zopa reaches Ā£300m in money lent to borrowers in the UK.
  • Bank Innovation reports: Cardlytics Has 33 Million Active Users at 400 Banks.
  • Inc. Magazine creates infographic of how to select the right crowdfunding platform. Bolstr and SeedInvest among choices.
  • CommunityLend’s FinanceIt partners with Pivotal Payments, a credit card payment processing company, to enable merchants to process loans directly at the POS.
  • Capital Access Network opens new facility in Lindora, Costa Rica to support growth.
  • Finect president Jennifer Openshaw talks networking for financial professionals on MarketWatch Radio.
  • Street Fight Mag includes Placecast among its “5 Tools for Point of Interest Geo-Targeting”.
  • TransferWise launches GetPaid to make it easier to get compensated when working with international clients and partners.
  • Developer Tech features Keynote Systems’ CEO Umang Gupta.
  • Point of Sale highlights Finovate alumni Flint Mobile and PayPal.
  • Social Trading Guru reviews ayondo 3.0.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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